HARTE GOLD CORP. (“Harte Gold” or the “Company”) (TSX: HRT / OTC: HRTFF / Frankfurt: H4O) is pleased to announce an updated Mineral Resource Estimate and significant increase over the NI 43-101 Mineral Resource Estimate contained in the Company’s Preliminary Economic Assessment (“PEA”), dated July 12, 2012.
Using a 3.0 g/t Au cut-off, which will form the basis of the Company’s new mine plan, the Mineral Resource Estimate dated February 15, 2018 contains an Indicated Mineral Resource of 2,607,000 tonnes grading 8.52 g/t for 714,200 ounces of contained gold and an Inferred Mineral Resource of 3,590,000 tonnes, grading 6.59 g/t for 760,800 ounces of contained gold. Please see the table below for a sensitivity analysis.
Stephen G. Roman President and CEO of Harte Gold Corp. commented, “We are very pleased with the results of the Mineral Resource update based largely on the 2017 drill program. With the Middle Zone discovery and the extension of the Sugar Zone down dip we have now delineated 1.5 million ounces and have demonstrated this Deposit has significant size potential.
As we have been mining at the Sugar Zone property for the last two years, we have confirmed the grade, continuity and mining method. We will continue to develop this Mineral Resource at depth and along strike.”
Mineral Resource Estimate Update
Harte Gold retained P&E Mining Consultants Inc. (“P&E”) to update the Mineral Resource Estimate to incorporate an additional 185,000 meters of diamond drilling at the Sugar and Middle Zone areas. Harte Gold will file an NI 43-101 Mineral Resource Estimate Update and Technical Report (“Updated Technical Report”) on SEDAR within 45 days of this news release.
For the rest of this news release: http://www.hartegold.com/wp-content/uploads/2018/02/2018-05-15-Feb-2018-Resource-Update-FINAL.pdf